New government online tool facilitates business registration in Brazil and already accounts for 60 startups

RIO DE JANEIRO, BRAZIL – In little more than a month, about 60 new startups have been opened through a new tool called Inova Simples, created by the federal government and supported by Sebrae. The information is from the Ministry of Economy.

Through an online platform, accessed via the gov.br portal, the entrepreneur can obtain his CNPJ registration soon after applying. It is valid for companies that are “creating or improving new services, products, systems, and businesses or improving existing ones,” it says.

It is not necessary to go to registry offices and commercial registries to register the company. Information is shared with state and municipal administrations in the National Network for the Simplification of Registration and Legalization of Companies and Businesses (Redesim).

By cutting red tape, the government expects a tenfold increase in innovative enterprises in the coming years, says the ministry.

“The entrepreneur can open the company in a single procedure, online, automatic and free, and start activities on the same day,” says, in a note, special secretary Caio Mario Paes de Andrade.

“The companies that register through the Inova Simples system may also have the commercialization of products and services on a trial basis, before registering at the Board of Trade.”

According to the folder, companies created in Inova Simples can operate without the need for licenses and permits, upon self-declaration of low-risk framing and of the awareness and compliance with local legislation. In addition, their applications for trademark and patent registration will have priority analysis at the National Institute of Industrial Property (INPI).

Companies that already have a CNPJ cannot enroll in Inova Simples, the folder reports.

More: Brazil news in English, every day from The Rio Times.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error